Market Overview for FUNToken/Tether (FUNUSDT) on 2025-10-09

• FUNUSDT traded in a volatile range today, with a low of $0.008402 and a high of $0.008811.
• Strong bullish momentum was observed in the 21:45–02:00 ET window, with price forming a series of higher highs.
• Increased volume and turnover during late-night and early-morning trading suggest strong short-term interest.
• A bearish correction began after 14:30 ET, with price dropping to below $0.008624, raising near-term support concerns.
• RSI showed overbought conditions during the rally, suggesting potential for a pullback.

FUNToken/Tether (FUNUSDT) opened at $0.008476 on 2025-10-08 at 12:00 ET and reached a high of $0.008811 and a low of $0.008402 before closing at $0.008711 on 2025-10-09 at 12:00 ET. The pair traded with a total volume of 64,805,941.00 FUN and a notional turnover of $5,548,985.00 over the 24-hour period.

Structure & Formations

Price formed several bullish and bearish signals during the day, including a bearish engulfing pattern near the $0.008750 level and a bullish morning star formation near $0.008624. A key support level appears to be forming around $0.008593, as the price bounced from this level multiple times, especially in the 02:30–03:30 ET window. Resistance is currently consolidating near $0.008727 and $0.008755, with mixed volume confirmation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs showed a bullish crossover in the early part of the session, reinforcing the morning rally. However, the 50-period SMA began to flatten as the price approached the $0.008727 resistance zone, while the 20-period SMA continued to rise. On the daily chart, the 50-period SMA crossed above the 100-period SMA, suggesting a potential bullish reversal in the broader trend.

MACD & RSI

The MACD crossed above the zero line in the early hours, indicating strong bullish momentum. However, the histogram began to contract as price approached the upper resistance zone, suggesting a possible loss of momentum. The RSI reached overbought territory (above 70) during the late-night rally, flashing a warning for a potential pullback. As the price began to correct after 14:30 ET, the RSI crossed back below 60, signaling a return to neutral conditions.

Bollinger Bands

Volatility expanded during the rally, with price pushing the upper Bollinger Band to $0.008811 before retreating. The band width expanded from ~0.00007 at the start of the session to over 0.00015 during the peak rally. Price closed near the middle band on the 24-hour chart, indicating that the consolidation may continue. A break below the lower band could trigger increased bearish bias.

Volume & Turnover

Volume surged during the late-night and early-morning hours, with the largest 15-minute candle (amounting to 6,619,139 FUN) recording a high of $0.008737 and a low of $0.008674. This volume was concentrated in the $0.008674–$0.008737 range, confirming the strength of the upward move. However, volume during the 14:30–15:30 ET correction was relatively low, suggesting a lack of conviction among bears, which could indicate the correction is not yet complete.

Fibonacci Retracements

Applying Fibonacci retracements to the $0.008402 to $0.008811 move, the 61.8% level lies at $0.008657, and the 38.2% level at $0.008616. Price has shown a tendency to find support near the $0.008616 level, suggesting that further retracements may not go much below this threshold. A break below $0.008593 would target the 23.6% level at $0.008588, which could indicate the beginning of a deeper correction.

Backtest Hypothesis

Given the observed price behavior and technical indicators, a potential backtesting strategy could focus on breakout entries and Fibonacci retracement levels. A long-biased strategy may look to enter on a close above the upper Bollinger Band or at the 38.2% Fibonacci level with a stop just below the 23.6% level. A short strategy could target the 61.8% retracement level as a dynamic sell zone if the RSI confirms bearish divergence. Volume-based confirmation could also be used to refine entry and exit points.